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27 December 2017

US Bank: Fossil Fuel Dead

Do the good guys do this? Let’s see, for months, the bank had been under fire for financing the Dakota Access pipeline by providing over a quarter billion dollars worth of funding to its builder, Energy Transfer Partners (ETP). Environmentalists famously dropped a banner calling on U.S. Bank to divest from DAPL at the New Years 2017 Minnesota Vikings and Chicago Bears football game. The language of the bank’s new policy seemed blunt. “The company does not provide project financing for the construction of oil or natural gas pipelines,” U.S. Bancorp, parent company of U.S. Bank, wrote in its April 2017 Environmental Responsibility Policy. Divestment advocates cheered. “We applaud this progressive decision from U.S. Bank,” an Honor the Earth representative said in a statement, as the bank’s new policy made headlines. Meaning, hope for times ahead! GREENTV Source: US Bank Declares End To Oil And Gas Pipeline Loans

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